NETHERLANDS: Sligro upbeat on market share, as Q4 sales slow
Dutch supermarket operator and wholesaler Sligro has said it continued to gain market share in 2012, despite slowing sales momentum.
For the 12 months to the end of December, Sligro's like-for-like net sales rose by 1.9%, roughly half the rate of growth registered in 2011. Fourth-quarter sales, meanwhile, were flat against the same period of the previous year on a like-for-like basis.
Commenting to just-food following the release of figures, a Sligro spokesperson said the firm's expectations for the fourth quarter had been "a little better" than its published figures.
"Dutch consumers are very reluctant to spend their money and this has worsened during 2012," he said. However, he added: "As always our foodservice business is doing very well in a tough enviroment [and] we keep on winning market share."
Sligro's total net sales for 2012 came in at EUR2.47bn (US$3.28bn), up 1.9% on 2011. Its foodservice business saw sales rise by 1.6% to EUR1.6bn, while the food retail unit increased sales by 2.7% to EUR833m, despite minimal growth in the final three months of the year.
Sligro said it will publish full results figures on 24 January.
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Kraft Heinz pursuing Unilever in takeover move
- Danone eyes efficiency, agility with new structure
- Kraft Heinz returns to organic growth, ups margins
- Danone sales dampened by Europe, China